insurance update

Maine Insurance Superintendent Mila Kofman has entered into a settlement with Bankers Life and Casualty Company. Under the agreement, the company will pay a $500,000 civil penalty for improp... Read more

A lawsuit has been filed against Nationwide Life Insurance Co. for the insurer’s selling of fixed-payment health plans that allegedly violated minimum standards in the state of Washington an... Read more

A $6 million settlement proposal has been reached in a class action lawsuit against Nationwide. A hearing will be held on June 5th to determine if the settlement will be given final approval... Read more

An Arizona jury has ordered MetLife to pay $55 million in a bad faith case. The claim arose out of the insurer’s refusal to pay a $30,400 claim from a couple whose SUV was stolen and vandali... Read more

As you probably know, there has been a strong push in Washington for federal regulation of insurance companies. But a number of insurance consumer advocates are wary of the current proposals... Read more